FM ‘cautiously optimistic’ on India’s economic outlook; geopolitical fragility remains a concern
India's economic outlook for the coming months will be ‘cautiously optimistic’, with the agriculture sector benefiting from favourable monsoon conditions, according to the Monthly Economic Review for October 2024 released by the Ministry of Finance's Department of Economic Affairs.
The ministry also highlighted that an increased minimum support price and adequate input supply will support their outlook approach.
“Moving forward, India's economic outlook for the coming months is cautiously optimistic, with agriculture likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs,” said the Finance Ministry in the Monthly Economic Review for October 2024.
According to the ministry, even though the agricultural production expectations are positive for controlling inflation, fragile geopolitical conditions and factors may continue to impact domestic inflation and supply chains.
